How Do I Distribute Assets of a Small Estate in California?
Full Question:
does California probate code/law require summary admin of a decedents (died intestate) estate value under 100k, or my the heirs proceed simply by way of the Calif small estate forms re personal bank accounts, 401k, pensions, and other nonreal property assets? Criminal defense atty, but seeking to assist a family friend who died intestate and wrap up his small estate asap without opening up probate.
08/03/2009 |
Category: Wills and Es... ยป Small Estates |
State: California |
#17933
Answer:
In California, if the value of a decedent's estate doesn't exceed $100,000, the small estate procedures may be used to collect and distribute the assets of the estate. An heirship affidavit may be used in place of letters of administration. If the value of the estate does not exceed $20,000, a set aside for the spouse and children may be applied for.